Public Service Enterprise Group Experiences Growth Thanks to Janney Montgomery Scott LLC’s Increase in Stock Holdings
January 15, 2023
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PEG Stock Fair Value – PUBLIC ($NYSE:PEG): It is a diversified energy company that operates in the competitive markets of electricity and natural gas. Janney Montgomery Scott LLC is a full-service wealth management and financial services firm that provides individual investors, corporations and institutions with an array of financial services. Through their increase in stock holdings, Janney Montgomery Scott LLC has provided PSEG with a boost in their stock value and a larger presence in the market.
This increase in stock price has provided the company with more opportunities to invest in technology, operations and projects which will help them to remain competitive in the energy industry. The increased stock holdings from Janney Montgomery Scott LLC will help PSEG to remain competitive within the energy industry and provide more opportunities for growth in the future.
Share Price
On Wednesday, PSEG stock opened at $63.7 and closed at $64.0, up by 0.5% from the previous closing price of $63.7. The increase in ownership of PSEG stock by Janney Montgomery Scott LLC is seen as a positive sign for the company’s future growth prospects. PSEG is a diversified energy company that is engaged in the production, transmission, and distribution of electricity and natural gas in the United States. It is one of the largest energy companies in the country. Since its inception, PSEG has focused on providing reliable energy services to customers at an affordable rate.
In addition to its core energy services, the company also invests in clean energy projects and infrastructure, as well as energy efficiency initiatives. This has allowed PSEG to remain competitive in the energy market while also providing benefits to its customers and the environment. With a strong focus on providing reliable energy services and investing in clean energy and efficiency initiatives, PSEG is well-positioned to continue to experience growth in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PEG. More…
| Total Revenues | Net Income | Net Margin |
| 9.72k | 688 | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PEG. More…
| Operations | Investing | Financing |
| 1.26k | -960 | -1.74k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PEG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 47.74k | 34.49k | 26.66 |
Key Ratios Snapshot
Some of the financial key ratios for PEG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.2% | -15.6% | 11.8% |
| FCF Margin | ROE | ROA |
| -16.5% | 5.4% | 1.5% |
VI Analysis – PEG Stock Fair Value
Public Service Enterprise (PSEG) is a company whose fundamentals reflect its long term potential. The VI Line, a app that simplifies analysis of the company, has determined the intrinsic value of PSEG’s stock to be around $63.7. Currently, PSEG shares are trading at $64.0, showing an overvaluation of 0%. This indicates that the current market price is a fair price for investors. The company has been able to maintain a relatively steady stock price, which is indicative of overall stability and potential for growth in the future. It has been able to do this by carefully monitoring its finances and making sure it is not overspending. Additionally, PSEG has been able to make timely investments that have allowed it to capitalize on potential opportunities that could help increase its value over time. The company also pays dividends to shareholders, which can be seen as a sign of confidence from management. This is because the company is rewarding its shareholders for their investments by providing them with a steady stream of income. In addition, PSEG has been able to maintain a good credit rating, which allows it to borrow at lower interest rates and access capital more easily. Overall, Public Service Enterprise has been able to maintain a relatively stable stock price, while also providing its shareholders with a steady stream of income. This indicates that the company has strong fundamentals and is well-positioned for growth in the future. Investors should be confident in their decision to invest in this company as its current stock price is fairly valued. More…
VI Peers
As of 2018, the top four competitors of Public Service Enterprise Group Inc (PSEG) are Exelon Corp, South Jersey Industries Inc, Consolidated Edison Inc, and National Grid plc. These companies compete with PSEG in the electric and gas utility industry. PSG is a diversified energy company that operates through its subsidiaries. The company’s businesses include electric and gas utility operations, power generation, and energy services.
– Exelon Corp ($NASDAQ:EXC)
Exelon Corporation is an American energy company headquartered in the Chase Tower in the Chicago Loop area of Chicago, Illinois, United States, and incorporated in Pennsylvania. It was created in October 2000 by the merger of PECO Energy Company and Unicom Corp. Exelon operates utilities in Illinois, Pennsylvania, Maryland, Delaware, and Washington, D.C.
– South Jersey Industries Inc ($NYSE:SJI)
South Jersey Industries Inc is a diversified energy services holding company with subsidiaries engaged in the production, transmission, storage and distribution of natural gas and electricity, as well as providing energy services. As of 2022, the company had a market cap of 4.2 billion and a return on equity of 9.62%. The company’s primary subsidiaries include South Jersey Gas, South Jersey Energy Solutions and South Jersey Resources Group. South Jersey Industries was founded in 1947 and is headquartered in Folsom, New Jersey.
– Consolidated Edison Inc ($NYSE:ED)
Consolidated Edison, Inc. is a holding company that provides energy services through its subsidiaries. The Company’s segments include Consolidated Edison Company of New York, Inc. (CECONY), which consists of Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc. (O&R); Consolidated Edison Solutions, Inc. (CES), a provider of energy services and energy-efficiency products; and Consolidated Edison Development, Inc. (CED), an owner and operator of renewable energy projects and provider of other energy services. It serves residential, commercial, and governmental customers in New York City, Westchester County, and parts of northern New Jersey.
Summary
Public Service Enterprise Group Inc. (PSEG) has seen an increase in its stock holdings, thanks to Janney Montgomery Scott LLC’s investment decisions. Janney’s investments have resulted in a boost for PSEG’s overall growth, with its stock rising in response to the positive news. This increase in stock is an encouraging sign for investors, as it indicates that PSEG is on the right track when it comes to managing its operations and increasing its value to shareholders. This is a great opportunity for investors to capitalize on the potential growth of PSEG.
